Search Results for: Trading
GBP/NZD At Resistance/Bearish Zone – Elliott Wave Analysis
April 8th, 2020
After a strong and five-legged decline in 2015, GBP/NZD started to trade into bullish, however overlapping, trading out a W-X-Y corrective structure for a higher degree wave B). We see price now at possible resistance and reversal point, at ...
European stocks rise as Chinese factories see coronavirus rebound
March 31st, 2020
European stocks rose on Tuesday after stronger-than-expected industrial data from China raised hopes that the world’s second-largest economy could stage a swift recovery from the coronavirus crisis. The pan-European STOXX 600 index climbed by around 1.9%. London’s FTSE 100 ...
Elliott wave analysis: AUDUSD and NZDUSD Turning Bearish
March 30th, 2020
AUDUSD is currently recovering, however in an overlapping fashion, which suggest a corrective recovery to be in play. We are looking at a wave 4) of a higher degree, which can be near completion with its w-x-y rally. Possible ...
Gold Is Now “Unobtanium”
March 30th, 2020
The Wall Street Journal just published the kind of article gold bugs dream of seeing in the mainstream press. Here’s an excerpt: “Coronavirus Sparks a Global Gold Rush Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium.’ ...
The dollar rises against major currencies and riskier emerging markets
March 30th, 2020
The dollar snapped a week of declines on Monday, rising against major currencies and riskier emerging markets as investors braced for a prolonged period of uncertainty while governments tightened lockdowns to fight the coronavirus. China’s offshore yuan fell after ...
Interesting pattern on USD/CHF points higher – Elliott wave analysis
March 27th, 2020
On the weekly chart of USD/CHF, we can see that price was for the last five years making a sideways, and overlapping price activity; an Elliott wave running triangle in B. This triangle can now be completed based on ...
Cryptocurrency value rises over $14 billion in 24 hours as bitcoin rallies 10%
March 24th, 2020
Cryptocurrency prices rallied on Tuesday even as equity markets continue to come under pressure due to coronavirus fears weighing on investors’ sentiment. Bitcoin was up over 10% from 24 hours previously, trading at $6,569.17 at around 11:57 a.m. Singapore ...
The dollar slipped on Tuesday; The euro to dollar gained 0.8%
March 24th, 2020
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity. The Fed announced unlimited quantitative easing and programs to support credit ...
USDCAD In A Bullish Trend – Elliott wave analysis
March 23rd, 2020
USDCAD ended a three-wave, A)-B)-C) correction within a bigger wave 2 at the 1.294 level, from where a new rise started developing. Rise is sharp and impulsive so this suggests further upside. We see a five-wave move in the ...
South Africa is getting proactive about its crypto regulations
March 18th, 2020
South Africa has become one of the centers for the cryptocurrency industry across Africa. The crypto adoption rates have been growing but the development has not come without a price. While South Africa has always been one of the ...
